Salus to Be Honored at M&A Advisor Turnaround Awards
Salus Capital Partners will be honored at the 8th Annual M&A Advisor Turnaround Awards.
Salus Capital Partners will be honored at the 8th Annual M&A Advisor Turnaround Awards.
Salus Capital Partners announced it provided a $20 million facility to Worldwise. The financing will be used to refinance its current lender and for general corporate purposes.
Bloomberg reported Dots filed for bankruptcy protection, blaming prior management, the economy and leases that cost too much. Salus Capital Partners was said to be owed $30.6 million.
Salus Capital Partners announced it provided a $3.5 million senior secured term loan to Marbles Holdings. The financing will be used for general corporate purposes.
Salus Capital Partners announced it provided a $50 million senior secured credit facility to Hampshire Group. The financing will be used for general corporate purposes.
Salus Capital Partners announced it provided a $42.5 million senior secured credit facility to HiTouch Business Services. The financing will be used for general corporate purposes.
Salus Capital Partners announced it provided a C$10 million senior secured credit facility to The John Forsyth Shirt Company. The financing will be used to provide working capital for general corporate purposes.
Bloomberg reported that RadioShack received commitments for $835 million in new financing, replacing its existing $625 million credit facilities, according to a person with knowledge of the matter.
Salus Capital announced four new team members: Gary D. Hoffstein (SVP, CIO), Timothy G. Johnson (VP, Risk Management and Diligence Review), JohnPaul Nuzzo (VP, senior portfolio manager) and Peter W. Yelle (VP, portfolio manager).
Hampshire Group announced that the company refinanced its existing credit facility with Wells Fargo with a new $50 million, three-year credit facility from Salus Capital Partners.